The two firms said in a statement that they decided to "amicably discontinue merger discussions, because they could not come to an agreement on key terms."
latest articles
A just-released state report shows that Minnesota employers reported 49,900 job openings during the fourth quarter of 2011, about 53 percent of which were for full-time, permanent positions.
UnitedHealthcare has agreed to acquire two Florida based companies-deals that will add about 85,000 Medicare Advantage members and 12,200 Medicaid members from across Florida to the company's fold, along with eight primary care centers in the state.
The Minneapolis Downtown Council said that Hennepin County Commissioner Mark Stenglein will join the organization as its new president and CEO; Stenglein will succeed longtime leader Sam Grabarski, who is retiring.
The Plymouth-based company said that Shelly Ibach, who joined it in 2007 and moved up to the C-suite last year, has been one of the "key architects" behind its growth formula.
The redevelopment of the Wayzata Bay Center has seen significant delays, but the initial phase of construction is now slated to begin in May.
Summit Brewing, which last year celebrated a quarter century of beer making, is reportedly adding a new summer ale and India pale ale, and it plans to break ground on a $6 million brewery expansion in late 2013 or early 2014.
George Buckley-who will remain chairman of Maplewood-based 3M through the end of May-will become chairman of Arle Capital Partners Limited on June 1.
Shares of Maple Plain-based Proto Labs closed Friday at $29 per share-an 81 percent jump from its Thursday evening IPO price of $16 per share-and are still trading up; the news comes at a time when many Minnesota companies are reportedly doing well in the stock market.
St. Paul-based Asset Recovery Corporation has been sold to Englewood, Colorado-based Arrow Electronics for an undisclosed sum.
In light of a big winter storm that's brewing in the Upper Midwest, customers who have flights scheduled for Tuesday or Wednesday are permitted to make a one-time change to their travel schedule without incurring a fee.
G&K expects its CEO, who is taking a temporary medical leave, to "recover fully within four to six weeks" and "completely resume his normal duties upon his return."
The southwest Twin Cities suburb will have three companies-Imagine! Print Solutions, SanMar Corporation, and Trystar-constructing facilities in the near future, which will bring in hundreds of jobs.
Supervalu is investing in the growth of its Save-A-Lot chain as it aims to double the number of its stores; the grocery operator is adding 22 stores in February and March.
The Federal Reserve Bank of Minneapolis said that banking conditions in Minnesota have improved in the past year and will continue to gain strength in 2012, but the state's banks still have a long way to go to get back to the profitability they saw before the financial crisis.
The system under which the Hiawatha light-rail line and future rapid-transit lines will operate will be known as "Metro" when the Central Corridor line begins service in 2014. 